Tristan Capital’s core-plus real estate fund has made its debut deal, buying an office property in London.
The investment manager said the Curzon Capital Partners IV fund paid £70m (€95.4m) for 1 Stratford Place in east London.
The multi-let office building was sold to the fund by Westfield, which owns the adjacent Stratford City shopping centre.
Peter Mather, managing director of investments at Tristan Capital, said the area surrounding the asset will benefit from “strong rental growth affecting most office locations across London”.
The fund held its first close in late 2014, attracting around €300m in commitments.
Alchemy Asset Management has been appointed to manage the 127,000sqft property, which was developed in 2011.